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Jan 28, 2013
01/13
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CNBC
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> you hear a lot of bad press about europe but europe has a deficit and i want to be exposed to the euro. mostly because i think that the policies of the federal reserve is identical to those of european central bank and euro has been doing very well. and i think, i smell, everybody is bearish on something. but the story doesn't match the numbers. >> bob pisani, good to see you again. in the 2008 crash, is risk in your opinion still underpriced. and if it is, how do you explain to people to protect themselves? >> unless people have been burned, you can't convince them to get protected. and tail risks have traditionally been cheap depending on which tail. and what people fail to understand is that owning tail protection allows me to take risk elsewhere. it is not like what i spend on the tail is the overall package. it is very favorable when you have equities more attractive than bonds and other things. you need spend premium. the money i get from dividend and hedges and that's why i henl myself and i don't have to worry about anything. deep out of the money puts. >> deep out of the money
> you hear a lot of bad press about europe but europe has a deficit and i want to be exposed to the euro. mostly because i think that the policies of the federal reserve is identical to those of european central bank and euro has been doing very well. and i think, i smell, everybody is bearish on something. but the story doesn't match the numbers. >> bob pisani, good to see you again. in the 2008 crash, is risk in your opinion still underpriced. and if it is, how do you explain to...
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Jan 7, 2013
01/13
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CNBC
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euro/dollar, just above 1.30. it was just below it at the low point last week. a survey by reuters says economists are starting the year 2013 in a relatively optimistic mood. i wonder whether the key word is relative. how were they last year? >> what we're seeing in this survey is that opt on mimp has picked up quite a bit in the last six months. looking behind the headline numbers, what seems to have happened is there's a pretty big fact in expectations of the break-up of a single currency. a year ago, that was a dominant concern. there's more confidence about the outlook for growth in the uk and europe, as well. >> and despite that relative change of optimism, there's still incentives, though? >> yeah. >> it's not going to translate into any big action? >> what we've seen with the survey is that sentiment really does seesaw on the basis of what's happening in the macro economy. so you get a shocking europe and sentiment tanks. you get good news from europe and sentiment picks up. what we've found is that the strategies that companies are actually following, mu
euro/dollar, just above 1.30. it was just below it at the low point last week. a survey by reuters says economists are starting the year 2013 in a relatively optimistic mood. i wonder whether the key word is relative. how were they last year? >> what we're seeing in this survey is that opt on mimp has picked up quite a bit in the last six months. looking behind the headline numbers, what seems to have happened is there's a pretty big fact in expectations of the break-up of a single...
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Jan 11, 2013
01/13
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KCSMMHZ
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in demand, the euro. if the governments in tokyo actively weaken the yen and, consequently, the euro grows more expensive, then german exporters have a problem. they will lose competitiveness to those outside of the eurozone and. if we take into account the strong trading days of the beginning of this year, the dax remains to the upside. >> we will stay for a closer look at friday's numbers. dax up a smidgen, 7715. eurostoxx50 2717. across the atlantic, the dow also trading pretty much flat at 13,478 and the euro up against the dollar trading at $1.3347. >> cuba is set to get rid of unpopular travel restriction that has been in place for the past five decades. there do to eliminate the permit known as the white card which cubans have needed in order to leave the country. >> restrictions will remain in place to avoid a brain drain. this is part of president reimold castro's attempts to gradually open up cuba -- raul castro's plan. how much of a difference will it mean for ordinary cubans? >> in some ways,
in demand, the euro. if the governments in tokyo actively weaken the yen and, consequently, the euro grows more expensive, then german exporters have a problem. they will lose competitiveness to those outside of the eurozone and. if we take into account the strong trading days of the beginning of this year, the dax remains to the upside. >> we will stay for a closer look at friday's numbers. dax up a smidgen, 7715. eurostoxx50 2717. across the atlantic, the dow also trading pretty much...
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Jan 11, 2013
01/13
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CNBC
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euro/dollar, 11.3260. let's bring you up to speed with the asian trading session today as they wrap up the week. li sixuan joins us for the first time today. >> thanks, ross. japan was a clear outperformer after shinzo abe unveiled his massive stimulus plan. and the nikkei gained 1.4% today. just to put it into context, this index is up for the ninth straight week, its longest winning streak since late 1988. shares of stocks surged to nearly 5% after the operator of clothing chain unicore raised its full year guidance. but hotter than expected cpi data from china put new pressure on the shanghai deposit. there will be more curbs to taint housing prices. meanwhile, weakness in china's blue chips dropped the hang seng lower. but hsbc did lend some support after the bank said yesterday that the plan to sell its stake to citigroup was still on track. korean automakers took a hit after the korean won climbed to a 17-month high. the kospi finished lower by .5%. in australia, miners lost out as a cyclone affected
euro/dollar, 11.3260. let's bring you up to speed with the asian trading session today as they wrap up the week. li sixuan joins us for the first time today. >> thanks, ross. japan was a clear outperformer after shinzo abe unveiled his massive stimulus plan. and the nikkei gained 1.4% today. just to put it into context, this index is up for the ninth straight week, its longest winning streak since late 1988. shares of stocks surged to nearly 5% after the operator of clothing chain unicore...
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Jan 11, 2013
01/13
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LINKTV
tv
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in demand, the euro. if the governments in tokyo actively weaken the yen and, consequently, the euro grows more expensive, then german exporters have a problem. they will lose competitiveness to those outside of the eurozone and. if we take into account the strong trading days of the beginning of this year, the dax remains to the upside. >> we will stay for a closer look at friday's numbers. dax up a smidgen, 7715. eurostoxx50 2717. across the atlantic, the dow also trading pretty much flat at 13,478 and the euro up against the dollar trading at $1.3347. >> cuba is set to get rid of unpopular travel restriction that has been in place for the past five decades. there do to eliminate the permit known as the white card which cubans have needed in order to leave the country. >> restrictions will remain in place to avoid a brain drain. this is part of president reimold castro's attempts to gradually open up cuba -- raul castro's plan. how much of a difference will it mean for ordinary cubans? >> in some ways,
in demand, the euro. if the governments in tokyo actively weaken the yen and, consequently, the euro grows more expensive, then german exporters have a problem. they will lose competitiveness to those outside of the eurozone and. if we take into account the strong trading days of the beginning of this year, the dax remains to the upside. >> we will stay for a closer look at friday's numbers. dax up a smidgen, 7715. eurostoxx50 2717. across the atlantic, the dow also trading pretty much...
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Jan 21, 2013
01/13
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CNBC
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i have a 170 euro price target on that stock. i think this is a name which has huge potential still, it has great momentum. and there's still margins with a lot of upside potential relative to the peer group. despite all of that, it's trading on a 20% to 25% discount to its peer group if you strict out the luxury component and i think it's university jujustifi. >> do you have a accelerating? >> i do have a accelerating on adidas. it's clearly an athletic company. i think it's facing difficult comparatives from the events of the first half of last year and it has some problems to resolved with reebok, its underperforming brand. >> we'll leave it there, then. allegra perry from cantor fitzgerald. potentially maybe richemont stocks on sales. >>> now, the growth mortgage lending figures we were expecting. they showed an increase of 11.7 billion pounds, this compared with 12.7 billion in november. so a deceleration in terms of mortgage lending during the holiday period. current account holdings, that's when the european central banks
i have a 170 euro price target on that stock. i think this is a name which has huge potential still, it has great momentum. and there's still margins with a lot of upside potential relative to the peer group. despite all of that, it's trading on a 20% to 25% discount to its peer group if you strict out the luxury component and i think it's university jujustifi. >> do you have a accelerating? >> i do have a accelerating on adidas. it's clearly an athletic company. i think it's facing...
WHUT (Howard University Television)
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Jan 28, 2013
01/13
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WHUT
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we need firm rules for who can be in the euro and who can be out of the euro and what conditions they have to meet to make those transitions. and we need some sort of fiscal architecture to protect the euro against these enormous issuances of unsustainable debt. >> unfortunately, since that feels quite far away from where we're standing right now, we must contemplate the worst case scenario, which would be one country leaving the euro followed by several others. a complete collapse of confidence in the european project and the eurozone project, losing several banks, people on the streets, riots. (singing) (instrumental music) >> the u.s. treasury secretary tim geithner, concerned about the eurozone crisis, sought a meeting with the german finance minister wolfgang schauble on his holiday. in a statement, they said there was a need for global cooperation to resolve debt problems. >> as the european union's greatest ally and trading partner, what can the u.s. do to prevent a break up? >> well the eurozone is of course america's leading trade partner. and as a consequence, if the eurozon
we need firm rules for who can be in the euro and who can be out of the euro and what conditions they have to meet to make those transitions. and we need some sort of fiscal architecture to protect the euro against these enormous issuances of unsustainable debt. >> unfortunately, since that feels quite far away from where we're standing right now, we must contemplate the worst case scenario, which would be one country leaving the euro followed by several others. a complete collapse of...
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Jan 10, 2013
01/13
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CNBC
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. >> look at the currency market, too, the euro/dollar. the moves there off the ecb -- >> what? >> rick. >> look at the dollar index. >> can't hear anybody if everybody is talking on top of everybody else. >> talk about the currency market. that's really telling today, too, off the ecb stuff. >> off the ecb, off the monetary policy committee of the bank of england. the pound is up dramatically. the euro is up dramatically, and even though we're still all rallying against the yen, this is one of the biggest drops net day over day in the dollar index i can remember in a while. it's getting close to a whole cent drop. that's pretty big. >> let me get to gordon. we're seeing a real move up in the final hour. what are you seeing in terms of flow? where is the money moving, and who is buying? >> seeing institutional, again, across all sectors. the important thing is we're starting to see it in the financials which to me is the bellwether of this thing being a real bull move here to the upside, because behind financials you know that housing is going to be behind that, and that's going
. >> look at the currency market, too, the euro/dollar. the moves there off the ecb -- >> what? >> rick. >> look at the dollar index. >> can't hear anybody if everybody is talking on top of everybody else. >> talk about the currency market. that's really telling today, too, off the ecb stuff. >> off the ecb, off the monetary policy committee of the bank of england. the pound is up dramatically. the euro is up dramatically, and even though we're still...
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waiting to hear evidence suggesting that former president nicolas sarkozy accepted tens of millions of euros in campaign donations from ousted libyan leader moammar gadhafi. and also known as millions around the wild violet to lose weight as part of a new year's resolutions a controversial study claims that they will fund. a longer life so well fleshed out all the details on our website for. wealthy british soil. has moved on to the title. market why not. come to. find out what's really happening to the global economy with my stronger for a no holds barred look at the global financial headlines tune into cars a report on our. choose your language killing weekend with zero influential presidential some of the. choose the news good consensus you can. choose the opinions that immigrate to. choose the stories that impact your life choose me access to your office. standards of living across the eurozone continue to fall a number of age old problems are on the rise in france they faltering economy has led to toppling surgeon armed robbery with gold and high valued jury and main target. small. unti
waiting to hear evidence suggesting that former president nicolas sarkozy accepted tens of millions of euros in campaign donations from ousted libyan leader moammar gadhafi. and also known as millions around the wild violet to lose weight as part of a new year's resolutions a controversial study claims that they will fund. a longer life so well fleshed out all the details on our website for. wealthy british soil. has moved on to the title. market why not. come to. find out what's really...
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Jan 22, 2013
01/13
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KCSM
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euro stocks similar gain finished at 2726. the euro basically steady at 133.16 against the dollar. well, while equities across europe were heading north, it was completely different from business travelers and tourists. they were not going anywhere at all. heavy snow has affected flights in europe. >> that is where our coverage starts. >> passengers in frankfurt got drinking water and chocolate bars to help them through the long wait. a 500 arrivals and departures were cancelled. the airport remains in the grip of the snowy, icy weather and many might not get out for another day. >> we have been stuck here since yesterday afternoon. first two hours on the plane. then the flight was cancelled bausts bad weather. >> more than a thousand employees spent monday freeing up the four main runways. now that planes can move again it is a matter of clearing the backlog of stranded planes as fast as possible so that there is space for new arrivals to land. >> we are hoping for a let up in the snowfall as monday progresses so that we can better deal with the air traffic and normalize the situa
euro stocks similar gain finished at 2726. the euro basically steady at 133.16 against the dollar. well, while equities across europe were heading north, it was completely different from business travelers and tourists. they were not going anywhere at all. heavy snow has affected flights in europe. >> that is where our coverage starts. >> passengers in frankfurt got drinking water and chocolate bars to help them through the long wait. a 500 arrivals and departures were cancelled....
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Jan 17, 2013
01/13
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CNBC
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on the currency markets, euro/dollar, the euro has been up to 30-month highs against the swiss franc. trying to crawl back some gains. dollar/yen, 88.84. today the yen is a little weaker today on japanese reports minister's saying he was regretful his comments will be misinterpreted. aussie/dollar, 1.0517. we begin to focus on what's going on in rio. let's bring you up to speed with the rest of the news out of asia. li sixuan joins us for the first time out of singapore. >> thank you, ross. asian markets finished on a difficult note. the shanghai composite lost about 1% today, extending losses for the second day after krit swiss downgraded china life. the hang seng ending lower by a touch. no curbs were introduced by the executive yesterday. taiwan's taex is down over 1% led by technology shares. tsmc shares ended a touch higher before its results of announce wantme wantments. it posted a 32% jump meeting forecasts. but the company expects q1 revenue to fall due to seasonal factors. elsewhere, the nikkei is finished just a tap higher. sharp shares jumped over 7% on the back of tv join
on the currency markets, euro/dollar, the euro has been up to 30-month highs against the swiss franc. trying to crawl back some gains. dollar/yen, 88.84. today the yen is a little weaker today on japanese reports minister's saying he was regretful his comments will be misinterpreted. aussie/dollar, 1.0517. we begin to focus on what's going on in rio. let's bring you up to speed with the rest of the news out of asia. li sixuan joins us for the first time out of singapore. >> thank you,...
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Jan 21, 2013
01/13
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LINKTV
tv
eye 150
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euro stocks similar gain finished at 2726. the euro basically steady at 133.16 against the dollar. well, while equities across europe were heading north, it was completely different from business travelers and tourists. they were not going anywhere at all. heavy snow has affected flights in europe. >> that is where our coverage starts. >> passengers in frankfurt got drinking water and chocolate bars to help them through the long wait. a 500 arrivals and departures were cancelled. the airport remains in the grip of the snowy, icy weather and many might not get out for another day. >> we have been stuck here since yesterday afternoon. first two hours on the plane. then the flight was cancelled bausts bad weather. >> more than a thousand employees spent monday freeing up the four main runways. now that planes can move again it is a matter of clearing the backlog of stranded planes as fast as possible so that there is space for new arrivals to land. >> we are hoping for a let up in the snowfall as monday progresses so that we can better deal with the air traffic and normalize the situa
euro stocks similar gain finished at 2726. the euro basically steady at 133.16 against the dollar. well, while equities across europe were heading north, it was completely different from business travelers and tourists. they were not going anywhere at all. heavy snow has affected flights in europe. >> that is where our coverage starts. >> passengers in frankfurt got drinking water and chocolate bars to help them through the long wait. a 500 arrivals and departures were cancelled....
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Jan 4, 2013
01/13
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CNBC
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so the worst, in my opinion, is over for the euro. the euro has come down quite a bit over the last couple of days. but i think that here around 1:30, we are seeing value point in the euro. this year we will probably see a little bit of recovery in the global economy. so i think by the end of this year we will see the euro dollar between the 133 to 135 region. that's yi think that current levels kind of get long euros. >> you think the fed is not as serious about slowing down qe3s might have been suggested yesterday. >> i think they are having the discussions. i want it rule out the possibility of them ruling out qe3. if that happens, it won't be until we see a stronger u.s. recovery. at that point, i think you will see improvements in the eurozone which will help the euro. so at the enend of the day, i think the federal may have qe2, but it may come a at time when it is more after risk on move that drives euros rather than u.s. policy. >> thank you as wuls for joininging us on cnbc, kathy lien. at scottrade, you won't just find us on
so the worst, in my opinion, is over for the euro. the euro has come down quite a bit over the last couple of days. but i think that here around 1:30, we are seeing value point in the euro. this year we will probably see a little bit of recovery in the global economy. so i think by the end of this year we will see the euro dollar between the 133 to 135 region. that's yi think that current levels kind of get long euros. >> you think the fed is not as serious about slowing down qe3s might...
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Jan 16, 2013
01/13
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CNBC
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keep an eye on euro yen. that cross trade has a lot of excitement and there has been talk about currency trade wars. we have been talking about it a long time on the floors. >> there's supposed to be an announcement. i did get confirmation a small amount of gold would be moved. plans to bring gold home and bring 50% of gold reserves in frankfurt by 2020. 300 tons are going to leave new york, 374 tons from paris. >> why is that? >> i'm not quite clear why. >> german politics. >> is chthat what it is? >> they want to have it. they moved it out of germany because of the cold war, a threat the russians would take it. most of it is sitting in the new york fed in world war ii. most europeans moved it here during the war and moving it back. there's something tangible and viserable about having gold. >> the auditors called last october for an official suspicion of t inspections of the gold saying it has never been checked. >> that is trust to never check with the fed about your gold. >> have you ever been there? >> i
keep an eye on euro yen. that cross trade has a lot of excitement and there has been talk about currency trade wars. we have been talking about it a long time on the floors. >> there's supposed to be an announcement. i did get confirmation a small amount of gold would be moved. plans to bring gold home and bring 50% of gold reserves in frankfurt by 2020. 300 tons are going to leave new york, 374 tons from paris. >> why is that? >> i'm not quite clear why. >> german...
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waiting to hear evidence suggesting that former president nicolas sarkozy accepted tens of millions of euros in campaign donations profile said libyan leader moammar gadhafi. also online as millions around the world evolved to lose weight as part of their new get resolutions a controversial study claims that being a font actually study longer life will flush out all the details for you on our website. top u.s. arms makers are looking east in a bid to flood the volatile asia pacific region with weapons forecasts predict of further increase in the flow of american water to countries in the area where several territorial disputes recently reached a boiling point independent journalist james call that says the exports trick could backfire on washington. what we can see is really just a return to a very old imperial strategy building up bogeymen in order to then create the sails to to combat those boogeyman so it's a very old strategy it was identified by need by president eisenhower in his farewell address in one nine hundred sixty when he talked about the military industrial complex and we here
waiting to hear evidence suggesting that former president nicolas sarkozy accepted tens of millions of euros in campaign donations profile said libyan leader moammar gadhafi. also online as millions around the world evolved to lose weight as part of their new get resolutions a controversial study claims that being a font actually study longer life will flush out all the details for you on our website. top u.s. arms makers are looking east in a bid to flood the volatile asia pacific region with...
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Jan 7, 2013
01/13
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LINKTV
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over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on that will be continued as before, but further steps need to be taken before a new deadline can be given. >> the board has reportedly known about the delay for weeks. wowereit's opponents are not happy about that. some say it is time for him to go. >> at this point, it must be said that klaus wowereit is no longer fit for the job, especially if it is true that he left the public in the dark for weeks, leading as a -- leaving us a disaster that will cost hundreds of billions of euros or more. >> beyond 2014, there is little indication when the new hub might open it
over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on...
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Jan 8, 2013
01/13
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KCSM
tv
eye 163
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over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on that will be continued as before, but further steps need to be taken before a new deadline can be given. >> the board has reportedly known about the delay for weeks. wowereit's opponents are not happy about that. some say it is time for him to go. >> at this point, it must be said that klaus wowereit is no longer fit for the job, especially if it is true that he left the public in the dark for weeks, leading as a -- leaving us a disaster that will cost hundreds of billions of euros or more. >> beyond 2014, there is little indication when the new hub might open it
over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on...
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Jan 28, 2013
01/13
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CNBC
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eye 127
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the euro/dollar, weaker by 0.1%. 1.3453 is that level. yen, of course, this is down by about 0.2% to 90.70. we were looking at that 91 level earlier. for more on what's been happening across asia and especially in japan, let's get straight out to will i sixuan. she joins us now from sing pore. >> thank you, kelly. a lot of focus, indeed, on shinzo abe's first policy speech where he continued to pressure the boj to achieve the 2% inflation target as soon as possible. earlier today, the new cabinet raised the country's growth forecast to 2.5% a year from april. but the nikkei saw some profit taking today after touching a fresh 32-month high. question over domestic earnings weighed on sentiment. despite winning back the world's top sales crown from general motors, they didn't get a lift. but sony shares jumped 9% after citigroup's upgrade and on reports that china is considering ending a decade-long ban on video game consoles. sentiment boosted by news that chinese industrial profit climbed to 17% in december from a year ago. brokerages rall
the euro/dollar, weaker by 0.1%. 1.3453 is that level. yen, of course, this is down by about 0.2% to 90.70. we were looking at that 91 level earlier. for more on what's been happening across asia and especially in japan, let's get straight out to will i sixuan. she joins us now from sing pore. >> thank you, kelly. a lot of focus, indeed, on shinzo abe's first policy speech where he continued to pressure the boj to achieve the 2% inflation target as soon as possible. earlier today, the new...
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that's interesting let's talk more about that how do you see attempts to save the euro folding out so many people have been saying this is the beginning of the end of the euro when are we going to see the end well you're right in the netherlands where i am active as a writer i've called for a referendum to be organized what we see is that there's a political elite in all of europe determined to see this through to the bitter end all major political parties support the idea of the euro whereas it's becoming more and more clear that it's not working very well so what we really need is a plan b. a backup scenario and an organized dismantlement but let's look specifically at france in terms of the euro and a possible collapse what would it mean for france's economy. well. they're basically two scenarios of dismantlement of the euro the first is disorderly doing this mentum and that would be very problematic and the other option is an orderly dismantlement and this doesn't look that bad ever been produced through reports by a prominent economists not so long ago by the wolfson prices being
that's interesting let's talk more about that how do you see attempts to save the euro folding out so many people have been saying this is the beginning of the end of the euro when are we going to see the end well you're right in the netherlands where i am active as a writer i've called for a referendum to be organized what we see is that there's a political elite in all of europe determined to see this through to the bitter end all major political parties support the idea of the euro whereas...
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Jan 14, 2013
01/13
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CNBC
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euro hitting an 11-month high. the yen hitting a 2 1/2-month low. these are things we continue to watch, in addition to the equity markets. >> talking to our partner simon this morning, how maybe spain doesn't need a bailout. the banks are suddenly talking about a return on equity that is higher than american banks. the big issue has been will they get complacent over there, because there is so much good news in europe. it's not backed up by growth. it just seems to be backed up by solvency. >> we had a lot of european officials coming out of late saying things are improving, that the worst is over, the crisis for the euro. we had them saying last week they were better than a year ago. >> i would like to see their change on the debt. >> more spending cuts. >> is there a large american bank that is not reporting this week? i mean, the number of banks coming out over the next two days -- [ bell ringing ] >> harry winston, this is a swiss company buying an american company. these are the things that we maybe give you perspective. i know that may be too
euro hitting an 11-month high. the yen hitting a 2 1/2-month low. these are things we continue to watch, in addition to the equity markets. >> talking to our partner simon this morning, how maybe spain doesn't need a bailout. the banks are suddenly talking about a return on equity that is higher than american banks. the big issue has been will they get complacent over there, because there is so much good news in europe. it's not backed up by growth. it just seems to be backed up by...
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Jan 2, 2013
01/13
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WBAL
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proceed to have linkage to the troubled euro and its accoutremes and away from the italian bond market or overstressed french and spanish counterparts and got our heads handed to us. similarly, owning tech when tech is often considered heavily dependent on europe. as much as 20% or 25% of the earnings of tech are derived from the continent and typically it is deadly. we know this because they don't dodge it on the conference calls. that's how you learn about it. the analysts won't let them get away with it. all you got to do is listen to the q&a. if you're in a company with european exposure you will hear one out of every two or three questions about europe. asia, about china. you want preventive earnings season medicine, go through the previous calls of the companies. if the plurality of the questions are about europe, you know you're probably going to be in for a bruising next time. that's what the analysts focus on and force the companies to talk about. as correlated with europe as many tech and bank stocks are, it is china that controls so many of the cyclicals. the smoketack compa
proceed to have linkage to the troubled euro and its accoutremes and away from the italian bond market or overstressed french and spanish counterparts and got our heads handed to us. similarly, owning tech when tech is often considered heavily dependent on europe. as much as 20% or 25% of the earnings of tech are derived from the continent and typically it is deadly. we know this because they don't dodge it on the conference calls. that's how you learn about it. the analysts won't let them get...
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Jan 30, 2013
01/13
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CNBC
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dollar has weakened both the euro and the yen. the euro is above 135. >> how much of what happened is directly related to congressional policies. a lot of people thinking we may not resolve this fiscal cliff until this week. how much was just a fewer -- i can't do a thing until washington resolves this. >> you talked about it endlessly. >> yeah, endlessly. >> we didn't see it in consumer spending. >> big inventory contraction. i think a lot of this was, i can't handle anything until i know -- it's sandy and washington. washington played a major role. i think the republicans and democrats finally realized they were killing this economy and they've gotten together, and now we're seeing things go up. [ bell ringing ] >> a law firm marking its pro bono project in human trafficking in america. all right. a lot of interesting movements here. we're seeing shares of research in motion higher by about 2.3%. in the past two days, sold off. a little bit of selling prior to the event. >> incredible how clever the market is. now people say, i'
dollar has weakened both the euro and the yen. the euro is above 135. >> how much of what happened is directly related to congressional policies. a lot of people thinking we may not resolve this fiscal cliff until this week. how much was just a fewer -- i can't do a thing until washington resolves this. >> you talked about it endlessly. >> yeah, endlessly. >> we didn't see it in consumer spending. >> big inventory contraction. i think a lot of this was, i can't...
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are revealed quite a positive thing to that does well positive in the sense of you know he's using euro skeptic language to pursue a year of agenda she exactly what harold wilson did forty years ago this speech is happening because of the rise of you get on the rise of you could has led to massive discontent on the back benches in the house of commons and amongst the conservative party in the whole country that's what he's responding to so that's why he talked tough and says we must renegotiate but the reality of what he says if you read the subtext is that the e.u. is very good for us but it serves our interests and i promise i promise god to do my best over the next five years to do everything i can to keep britain a member of that unions this issue is a key constitutional issue it isn't even about economics it's about who governs britain it's about always independent nation as a democracy and determine their own future or not and i want to referendum now more of a promise ok i want to ask either way there's a lot of concern that if a person left the that this would massively affect o
are revealed quite a positive thing to that does well positive in the sense of you know he's using euro skeptic language to pursue a year of agenda she exactly what harold wilson did forty years ago this speech is happening because of the rise of you get on the rise of you could has led to massive discontent on the back benches in the house of commons and amongst the conservative party in the whole country that's what he's responding to so that's why he talked tough and says we must renegotiate...
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Jan 24, 2013
01/13
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KCSMMHZ
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euro stoxx 50 also higher. the dow jones industrial average also continuing the positive trend. the euro-dollar also trending positive, trading for $1.3370. >> a lot of optimism, despite all the optimism that seems to be brewing in davos in switzerland. it is a different story in spain, though. things just keep getting worse. unemployment is at its highest level ever recorded. 26% of the work force were registered as out of work in the last quarter of 2012. that's nearly 6 million people. >> the eurozone [applause] fourth largest economy is stuck in recession. the conservative government has pushed ahead with a tough austerity program to lower the country's deficit. critics say those spending cuts are directly to blame for the rise in unemployment. but there's a bit of bright news in the eurozone -- portugal has made an early debut back on the financial market, successfully raising 2.5 billion euros in a debt auction this week. >> the government had to pay only 4.9% in interest, signaling investors are more confident about the country's finances. portugal was forced to accept an
euro stoxx 50 also higher. the dow jones industrial average also continuing the positive trend. the euro-dollar also trending positive, trading for $1.3370. >> a lot of optimism, despite all the optimism that seems to be brewing in davos in switzerland. it is a different story in spain, though. things just keep getting worse. unemployment is at its highest level ever recorded. 26% of the work force were registered as out of work in the last quarter of 2012. that's nearly 6 million people....
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Jan 23, 2013
01/13
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CNBC
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this is -- euros is here is on they. this is clear. bnp paribas has a ratio of 9.5%, which is best in class. we're -- we adapted very much to the new requirements and liquidity requirements. we're fully prepared to serve our customers. the essence of banking definitely is to finance the economy, serve the customers, individual customers, smes are very important. this is what we are committed to. and we are -- we're going to do it every single day of this year and next year. >> you talk about the role of a bank is to finance the economy. how much of a win was it then that we've pushed back in production from -- >> in terms of liquidity rate? >> yes. >> even if pushed we're going to comply with the new scr sooner rather than later. as for capital, you know, the new capital requirements was officially for 2018. as bnp parabas, we're complying as of this year. i think that the phasing in is something that then the industry -- certainly we've been moving ahead and have tried to anticipate things and move ahead. >> and you mentioned the bene
this is -- euros is here is on they. this is clear. bnp paribas has a ratio of 9.5%, which is best in class. we're -- we adapted very much to the new requirements and liquidity requirements. we're fully prepared to serve our customers. the essence of banking definitely is to finance the economy, serve the customers, individual customers, smes are very important. this is what we are committed to. and we are -- we're going to do it every single day of this year and next year. >> you talk...
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you can see just there against the euro and indeed the u.s. dollar up. moving on those are the markets we will crack on gas problem will pile further costs into the south stream project by expanding its partners to take gas to south eastern europe bypassing transit countries ukraine and belarus and russia's gas giant nearly seventeen billion dollars which makes the projected toto a staggering thirty eight point four billion dollars the pipeline is already thought to be an unnecessary expense by some analysts who questioned whether south stream is needed given the flagging demand for russian gas in the most lucrative market which of course is europe now russia's response is that the south stream is needed in order to diversify supply routes to the european union all of the disputes we've ukraine led to cut off for part of europe back in two thousand and six and two thousand and nine which was a major blow for both parties considering russia supplies around a quarter of europe's gas me. moving on cyprus is counting on european union leaders to allow russia
you can see just there against the euro and indeed the u.s. dollar up. moving on those are the markets we will crack on gas problem will pile further costs into the south stream project by expanding its partners to take gas to south eastern europe bypassing transit countries ukraine and belarus and russia's gas giant nearly seventeen billion dollars which makes the projected toto a staggering thirty eight point four billion dollars the pipeline is already thought to be an unnecessary expense by...
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commitment of the germans the french the italians and the spaniards the core nations to keeping the euro together and the central bankers said well they say you know the germans do not like paying for quite a bit of the greek and pop probably the spanish that they will do it they have committed to it and the european nations have even though they have been protest anger they have committed to staying within the european construction because they don't see how europe can go back to being a series of atomized nations so it's really a question of an economic decision that also is a political decision i think there will be it will be difficult to get european nations to move towards fiscal unity it makes sense because if you can play the budget too when country against another you will have speculation different landing rates everywhere but i think the reason why you haven't heard about the euro zone conflict these past weeks is that it is actually doing better and if you look at the stock exchanges in the various european countries euro zone countries you can see that they're shooting right
commitment of the germans the french the italians and the spaniards the core nations to keeping the euro together and the central bankers said well they say you know the germans do not like paying for quite a bit of the greek and pop probably the spanish that they will do it they have committed to it and the european nations have even though they have been protest anger they have committed to staying within the european construction because they don't see how europe can go back to being a...
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skeptics fear that david cameron won't go far enough with his demands while euro kratz say he's gone too far already there's reports he risks upsetting everybody. when the prime minister first became leader of the conservative party he said the biggest problem was that they spent far too much of their time banging on about europe i see glad those days are over i. think countdowns as the prime minister prepares to deliver a landmark speech on europe but with warring factions in his own policy growing euro skeptic sentiment in the u.k. and his increasingly unimpressed european counterparts to pay and the pressure result is the struggling right now on this issue up till now i think he has he hasn't given us a clear message a clear point on the e.u. and the u.k.'s relationship with it i think has been for a number of factors whether it be the world economy whether be the economy or whether it be his own backbenchers so widely expected that the prime minister will pledge a major european treaty with vision included in that would be a clawing back of how it's the british in key areas. that
skeptics fear that david cameron won't go far enough with his demands while euro kratz say he's gone too far already there's reports he risks upsetting everybody. when the prime minister first became leader of the conservative party he said the biggest problem was that they spent far too much of their time banging on about europe i see glad those days are over i. think countdowns as the prime minister prepares to deliver a landmark speech on europe but with warring factions in his own policy...
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Jan 21, 2013
01/13
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david: what about the euro, a lot of people year ago were saying the euro is ready for a big devaluation, it seems to be holding its own? >> i've been saying well over the year that the euro is strong and getting stronger, i continue with that. nobody is leaving the euro. they will add some members over time. there are a couple reasons for it, number one the u.s. is out to cheapen the dollar. two currencies cannot cheapen against each other at the same time. so if we're going to have a cheap dollar, you are going to have a stronger euro, that's the easy part. the other part is chinese capital is dying to come into europe because china wants to get out of dollars. they are buying gold. we know that. they also want to invest in europe. they want to see the europeans get their act together. europeans do have their act together now that the chinese capital is ready to come in. another support for the euro. >> are you saying that europe is doing everything right? >> europe is the only group that is doing everything right. merkel is the only one who understands economics because she is not an
david: what about the euro, a lot of people year ago were saying the euro is ready for a big devaluation, it seems to be holding its own? >> i've been saying well over the year that the euro is strong and getting stronger, i continue with that. nobody is leaving the euro. they will add some members over time. there are a couple reasons for it, number one the u.s. is out to cheapen the dollar. two currencies cannot cheapen against each other at the same time. so if we're going to have a...
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Jan 15, 2013
01/13
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dollar -- the euro is also significantly down. and at air berlin is to cut 900 jobs in the next two years. that is one in 10 of its workers, but it has not said which jobs will be going. >> berlin has been making a loss for years, and the job cuts are part of a plan to save 400 million euros. berlin says it wants to focus on its most profitable routes in germany, switzerland, and austria. during the cold war, germany's bundesbank took a bet by soaring gold reserves around the world and left in there after the collapse of communism. >> last year, official auditors point out that official stockpiles abroad have never actually been counted. >> plans are afoot to bring the bars back home, or at least some of them. >> at least he knows what he has in his hands -- his golden globe is nothing more than a thin layer of 24 karat gold covering up something much less precious, and there is no doubt about the quality of the gold in the bundesbanks either. experts inspect and count it every year. these do not have a chance. but this kind of ch
dollar -- the euro is also significantly down. and at air berlin is to cut 900 jobs in the next two years. that is one in 10 of its workers, but it has not said which jobs will be going. >> berlin has been making a loss for years, and the job cuts are part of a plan to save 400 million euros. berlin says it wants to focus on its most profitable routes in germany, switzerland, and austria. during the cold war, germany's bundesbank took a bet by soaring gold reserves around the world and...
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Jan 11, 2013
01/13
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CNBC
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let's go back to the euro, this time let's do the euro versus the dollar. we can see 7 1/2-month high on that trade. it's going to be very fascinating to continue to monitor the relationship between, as ira harris said yesterday, a bit of the exporters on the auto side in europe versus what's going on with the euro/yen to see what kind of impact or retaliation we see on the economic scene for the weakened currency helping the export market in japan. jim, back to you. >> thank you, rick. let's check out the latest in energy, metals. sharon epperson, nymex. >> oil prices pulling back, jim, but that's after reaching multi-month highs. we had the brent crude contract reach a three-month high yesterday. wti at a four-month high. a lot of this had to do in terms of the gains we saw yesterday with the report that the saudis have cut their oil production in december significantly. today's news is focusing on the spread between the two, which has come in significantly as right now around $17. of course, the energy department this week saying they believe it will ave
let's go back to the euro, this time let's do the euro versus the dollar. we can see 7 1/2-month high on that trade. it's going to be very fascinating to continue to monitor the relationship between, as ira harris said yesterday, a bit of the exporters on the auto side in europe versus what's going on with the euro/yen to see what kind of impact or retaliation we see on the economic scene for the weakened currency helping the export market in japan. jim, back to you. >> thank you, rick....
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there's a special case which is why the country secured this deal on its crippling sixty four billion euro bank debt it's going to be able to retain the status of coming expect to see it eventually fall apart of countries like greece though what do you think's ahead well i think there's a lot of propaganda thrown in that position within ireland at the moment and how it is doing and i think that's basically it all took trying to keep a very disgruntled public happy because i think a lot of people are aware now that there is the army people on the street that are paying the car out of billing out german and british banks and the army people are footing the bill and so i think there's quite a lot of discontent and i think that the objective of the e.u. propaganda machine is to ensure that people really don't the pastor very basic just sad that has been part of this whole issue of how the e.u. is actually forcing ireland to. it for reckless lending by german and other european banks but what is the solution i'm well i thought were a lot of us feel very much that it's on the taxpayer who had no
there's a special case which is why the country secured this deal on its crippling sixty four billion euro bank debt it's going to be able to retain the status of coming expect to see it eventually fall apart of countries like greece though what do you think's ahead well i think there's a lot of propaganda thrown in that position within ireland at the moment and how it is doing and i think that's basically it all took trying to keep a very disgruntled public happy because i think a lot of...
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protests to deliver a landmark speech on europe but with warring factions in his own policy growing euro skeptic sentiment in the u.k. and his increasingly unimpressed european counterparts to appease and the pressure is on if he's struggling right now on this issue up till now i think he has he hasn't given a clear message a clear point on the e.u. and the u.k.'s relationship with it i think has been for a number of factors whether it be the world economy whether be the economy or whether it be his own backbenchers so widely expected that the prime minister will pledge a major european treaty with vision included in that would be a clawing back powers to britain in key areas they need terms of british membership in the e.u. would then be put to the country's citizens in a referendum after the next general election he really painted himself into a corner where he's got to have a referendum after an election and he will try a skillful politician if he is to paper over the cracks to give a bit of them to them and say that we now are looking for europe to make a response to our proper reque
protests to deliver a landmark speech on europe but with warring factions in his own policy growing euro skeptic sentiment in the u.k. and his increasingly unimpressed european counterparts to appease and the pressure is on if he's struggling right now on this issue up till now i think he has he hasn't given a clear message a clear point on the e.u. and the u.k.'s relationship with it i think has been for a number of factors whether it be the world economy whether be the economy or whether it...
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well it's a it's a massive problem for the year is in a million euro zone is already in recession the latest data that we've had is that . surprising that on the upside countries like spain are really really struggling and you know it's not as if europe has an inflation problem this is only going to. increase deflationary forces it's going to slow down. growth it's going to slow down investment so yeah the euro zone's really going to get beaten up badly by this this currency and let's talk about the emerging market currencies that you mentioned that how do they fit into this well what happens to they have to fight and what about the russian ruble what what's that role. well their options actually tend to be relatively limited because they would effectively meaning for instance they would have to be. buying relatively low yielding dollars or yen against their own relatively high yielding currency so the financial cost would actually be quite high so what we'll probably end up seeing is some form of currency good troll packing such as we've already seen in russia is obviously got someth
well it's a it's a massive problem for the year is in a million euro zone is already in recession the latest data that we've had is that . surprising that on the upside countries like spain are really really struggling and you know it's not as if europe has an inflation problem this is only going to. increase deflationary forces it's going to slow down. growth it's going to slow down investment so yeah the euro zone's really going to get beaten up badly by this this currency and let's talk...
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economies they're not half as bad as you think in the eurozone especially and so i would bet on the euro ok the americans will keep printing money i have no doubt about that john where you think the arab spring is going to go there's any doubt about it i. don't really think the arab spring is going to happen do it this year. you know it's tough to say there are still a lot of things happening you know some people think there was a low after egypt and tunisia. but there are still a lot of things happening i mean jordan right now is facing a lot of domestic. people are very upset with the government they are vying for some sort of constitutional monarchy that is more. that addresses more of their social concerns and doesn't for example torture people and and have a police state which is what they essentially have crane is still you know people are still fighting for freedom they're they're they're still out in the streets despite the ban on all demonstrations and protests. which the bahraini government has imposed with american support. but you know we'll have to see i think yemen will con
economies they're not half as bad as you think in the eurozone especially and so i would bet on the euro ok the americans will keep printing money i have no doubt about that john where you think the arab spring is going to go there's any doubt about it i. don't really think the arab spring is going to happen do it this year. you know it's tough to say there are still a lot of things happening you know some people think there was a low after egypt and tunisia. but there are still a lot of things...
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Jan 15, 2013
01/13
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LINKTV
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dollar -- the euro is also significantly down. and at air berlin is to cut 900 jobs in the next two years. that is one in 10 of its workers, but it has not said which jobs will be going. >> berlin has been making a loss for years, and the job cuts are part of a plan to save 400 million euros. berlin says it wants to focus on its most profitable routes in germany, switzerland, and austria. during the cold war, germany's bundesbank took a bet by soaring gold reserves around the world and left in there after the collapse of communism. >> last year, official auditors point out that official stockpiles abroad have never actually been counted. >> plans are afoot to bring the bars back home, or at least some of them. >> at least he knows what he has in his hands -- his golden globe is nothing more than a thin layer of 24 karat gold covering up something much less precious, and there is no doubt about the quality of the gold in the bundesbanks either. experts inspect and count it every year. these do not have a chance. but this kind of ch
dollar -- the euro is also significantly down. and at air berlin is to cut 900 jobs in the next two years. that is one in 10 of its workers, but it has not said which jobs will be going. >> berlin has been making a loss for years, and the job cuts are part of a plan to save 400 million euros. berlin says it wants to focus on its most profitable routes in germany, switzerland, and austria. during the cold war, germany's bundesbank took a bet by soaring gold reserves around the world and...
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the euro would be miraculous. what's happened so far has been swinging cuts on the masses and we really haven't managed to make the remotest impact upon the whole nation itself greece is still fundamentally in a huge problematic situation it does not remotely have a functioning government system that fiscally is going to manage to organize itself in any which way possible to manage to get through the continuing swen cuts that need to take place out of course then we're looking at the whole issue of the demonstrators are the governments listening well the truth is the government's counter ford to listen because what we're seeing within the european union even if the euro has survived miraculously for twelve months government has run out of money the european union's western socialist model of spending huge amounts of money borrowing even greater amounts of money and hoping to pay everything manion our or indeed thirty years from mine yana simply does not work. and two thousand and twelve saw something of a rise of
the euro would be miraculous. what's happened so far has been swinging cuts on the masses and we really haven't managed to make the remotest impact upon the whole nation itself greece is still fundamentally in a huge problematic situation it does not remotely have a functioning government system that fiscally is going to manage to organize itself in any which way possible to manage to get through the continuing swen cuts that need to take place out of course then we're looking at the whole...